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Absa profit falls 13pc to Sh5.3bn in first quarter
Rival officials of Vetlab Sports Club have accused Absa Bank of illegally changing bank account signatories and exposing millions of shillings to possible misuse.
Absa Bank Kenya reported a 13.8 percent decline in net profit in the first quarter ended March as falling interest rates and reduced lending to customers resulted in reduced interest income.
The bank’s net income in the review period stood at Sh5.3 billion, down from Sh6.1 billion the year before.
